LH SEMICONDUCTOR FUND - Electronic channel type

Inception Date

June 28, 2021

Benchmark

-

Fund Size

16 M

Fund Manager

Ponlasin Kijmuntarvorn Pornphen Chuleeprasert

FX Hedging

No

Dividend Policy

None

Investment Objective

The Fund has an investment policy to invest in the iShares Semiconductor ETF (the “Master Fund”).

Investment Policy

The Fund has a policy to invest in units of a foreign mutual fund (the “Master Fund”) that focuses on companies engaged in the design, distribution, manufacture, and sale of semiconductors. The Fund will invest, on average during an accounting year, not less than 80% of its Net Asset Value (NAV) in the Master Fund. The LH Semiconductor Fund will invest in units of the iShares Semiconductor ETF (the “Master Fund”), which is denominated in U.S. Dollars (USD) and listed on the NASDAQ Stock Market. The Master Fund is established in the United States of America (USA) and is managed by BlackRock Fund Advisors (BFA). The iShares Semiconductor ETF seeks to provide investment results that correspond generally to the price and performance, before fees and expenses, of the ICE Semiconductor Index (the “Underlying Index”). The Master Fund invests at least 90% of its assets in the securities comprising the Underlying Index and in depositary receipts representing such securities. The remaining up to 10% may be invested in futures contracts, options, certain swap agreements, cash and cash equivalents, shares of money market funds advised by BFA or its affiliates, and other securities not included in the Underlying Index that BFA believes will assist the Fund in tracking the Index. The Fund may invest in derivatives for Efficient Portfolio Management (EPM) and/or for hedging Foreign Exchange Rate Risk, at the discretion of the Fund Manager, taking into account prevailing market conditions and other relevant factors. In addition, the Fund may invest in or hold Structured Notes and/or other assets or income-generating instruments as specified in the Fund’s scheme and/or as permitted by the Securities and Exchange Commission (SEC). The Fund may also invest in units of mutual funds, property funds, Real Estate Investment Trusts (REITs), or infrastructure funds managed by the Management Company, provided that such investments do not exceed 20% of the Fund’s Net Asset Value (NAV). The Management Company reserves the right to change the Fund’s structure and special characteristics in the future to a Fund of Funds, a fund investing directly in foreign securities and/or instruments, or to revert to a Feeder Fund, provided that such change does not increase the Fund’s risk spectrum. Such changes will be made at the discretion of the Fund Manager based on prevailing market conditions and in the best interests of unitholders. The Management Company will notify unitholders at least 30 days in advance of any such change through announcements on the Management Company’s website and the websites of the appointed selling and/or redemption agents (if any). For further information on the Master Fund, please visit: www.ishares.com Fund Management Strategy The Master Fund adopts a passive investment strategy with the objective of tracking the performance of its benchmark index. Similarly, the LH Semiconductor Fund employs a Passive Management / Index Tracking strategy with the objective of achieving investment performance that closely corresponds to that of the Master Fund.